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A company using the periodic inventory system has the following account balances: Inventory at the beginning of the year, $4,118; Freight-In, $559; Purchases, $13,635; Purchases

A company using the periodic inventory system has the following account balances: Inventory at the beginning of the year, $4,118; Freight-In, $559; Purchases, $13,635; Purchases Returns and Allowances, $3,824; Purchases Discounts, $443. The cost of merchandise purchased is equal to

$13,635

$22,579

$14,343

$9,927

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